FTRE vs. CBL
FTRE (Fortrea Holdings Inc.) and CBL (CBL & Associates Properties, Inc.) are both stocks. Over the past 3 years, FTRE returned -18.11%/yr vs 41.91%/yr for CBL. At a 0.25 correlation, their price movements are largely independent.
Performance
FTRE vs. CBL - Performance Comparison
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Returns By Period
In the year-to-date period, FTRE achieves a 3.54% return, which is significantly lower than CBL's 43.80% return.
FTRE
- 1D
- 0.56%
- 1M
- 8.37%
- 6M
- -2.93%
- YTD
- 3.54%
- 1Y
- 249.51%
- 3Y*
- -18.11%
- 5Y*
- —
- 10Y*
- —
CBL
- 1D
- -1.28%
- 1M
- 4.02%
- 6M
- 41.02%
- YTD
- 43.80%
- 1Y
- 108.75%
- 3Y*
- 41.91%
- 5Y*
- —
- 10Y*
- —
FTRE vs. CBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTRE Fortrea Holdings Inc. | 3.54% | -7.51% | -46.56% | 5.79% |
CBL CBL & Associates Properties, Inc. | 43.80% | 37.21% | 28.52% | 15.47% |
Correlation
The correlation between FTRE and CBL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.25 |
Fundamentals
FTRE:
$1.69B
CBL:
$1.60B
FTRE:
-$7.35
CBL:
$5.56
FTRE:
0.40
CBL:
2.75
FTRE:
$2.71B
CBL:
$582.57M
FTRE:
$328.80M
CBL:
$139.43M
FTRE:
-$319.10M
CBL:
$413.31M
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Return for Risk
FTRE vs. CBL — Risk / Return Rank
FTRE
CBL
FTRE vs. CBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortrea Holdings Inc. (FTRE) and CBL & Associates Properties, Inc. (CBL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTRE | CBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.60 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 8.84 | -3.98 |
| Martin ratioReturn relative to average drawdown | 10.34 | 29.00 | -18.66 |
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Drawdowns
FTRE vs. CBL - Drawdown Comparison
The maximum FTRE drawdown since its inception was -89.92%, which is greater than CBL's maximum drawdown of -34.02%. Use the drawdown chart below to compare losses from any high point for FTRE and CBL.
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Drawdown Indicators
| FTRE | CBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.92% | -34.02% | -55.90% |
Max Drawdown (1Y)Largest decline over 1 year | -51.79% | -12.31% | -39.48% |
Max Drawdown (3Y)Largest decline over 3 years | -89.92% | -29.14% | -60.78% |
Current DrawdownCurrent decline from peak | -55.66% | -6.48% | -49.18% |
Average DrawdownAverage peak-to-trough decline | -48.65% | -12.26% | -36.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.26% | 3.75% | +20.51% |
Volatility
FTRE vs. CBL - Volatility Comparison
Fortrea Holdings Inc. (FTRE) has a higher volatility of 12.53% compared to CBL & Associates Properties, Inc. (CBL) at 10.88%. This indicates that FTRE's price experiences larger fluctuations and is considered to be riskier than CBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTRE | CBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.53% | 10.88% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 51.89% | 21.42% | +30.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.66% | 27.78% | +55.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.82% | 32.40% | +40.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.82% | 32.40% | +40.42% |
Dividends
FTRE vs. CBL - Dividend Comparison
FTRE has not paid dividends to shareholders, while CBL's dividend yield for the trailing twelve months is around 4.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBL CBL & Associates Properties, Inc. | 4.16% | 6.76% | 5.44% | 6.14% | 12.78% |
FTRE Fortrea Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FTRE vs. CBL - Financials Comparison
This section allows you to compare key financial metrics between Fortrea Holdings Inc. and CBL & Associates Properties, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FTRE vs. CBL - Profitability Comparison
FTRE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Fortrea Holdings Inc. reported a gross profit of 0.00 and revenue of 636.50M. Therefore, the gross margin over that period was 0.0%.
CBL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, CBL & Associates Properties, Inc. reported a gross profit of 91.34M and revenue of 145.97M. Therefore, the gross margin over that period was 62.6%.
FTRE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Fortrea Holdings Inc. reported an operating income of 0.00 and revenue of 636.50M, resulting in an operating margin of 0.0%.
CBL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, CBL & Associates Properties, Inc. reported an operating income of 72.75M and revenue of 145.97M, resulting in an operating margin of 49.8%.
FTRE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Fortrea Holdings Inc. reported a net income of -23.60M and revenue of 636.50M, resulting in a net margin of -3.7%.
CBL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, CBL & Associates Properties, Inc. reported a net income of 45.40M and revenue of 145.97M, resulting in a net margin of 31.1%.
Frequently Asked Questions
FTRE and CBL have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTRE has higher volatility (12.53%) compared to CBL (10.88%). In terms of maximum drawdown, FTRE dropped -89.92% vs CBL's -34.02%.
CBL currently has the higher Sharpe Ratio (3.92 vs 3.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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